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1959 Fiesta Red Strat

Discussion in 'Pre-CBS Strats (before 1966)' started by Stratless, May 9, 2013.

  1. Stratless

    Stratless New Member!

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    I have an acquaintance that wants to sell his 59' Fiesta Red Strat, and I was just wondering what is the best way to go about doing so. Somebody from the local guitar shop told him his axe could be worth between $40,000-$60000, so putting something like that on Ebay seems a little risky. Anything you could tell me about the market for this particular guitar would be great. FYI--the piece is completely original, and in very good condition.
     
  2. zenken

    zenken Strat-Talk Member

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  3. lovejoy

    lovejoy Strat-Talk Member

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    As you have a good idea of its value why not try taking it to somewhere like the Arlington show where there will be lots of dealers with that sort of money and looking to buy?
     
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  5. caldera

    caldera Strat-O-Master

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    He'd get the most money selling it to a private party. A dealer is going to offer considerably less than the market value, and selling it on ebay would send a lot of money in fees to ebay.

    I'd have an attorney draw up some sort of basic bill of sale and such, and then try to sell it privately.
     
  6. oasisguitar

    oasisguitar Strat-Talk Member

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    Appraisals these days are typically useless...especially since you are not required to have an "in hand" inspection to get an appraisal...

    I agree with the others...stay away from dealers....they will try to rape you and make you feel good about it... You'd be lucky to get 50 cents on the dollar.

    Private sale maybe even an auction house (like heritage auctions) would be the way to go.
     
  7. goodasaf

    goodasaf Strat-Talker

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    i'm a buyer, send some good pics and i'll offer
     
  8. 335eye

    335eye Senior Stratmaster

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    I've been casually looking for a pre CBS

    Here's a point of reference.. ($32k with rw slab):
    Vintage In Store Vintage VINTAGE 1959 FENDER STRAT SNBST OHSC | GuitarCenter

    Here's another.. ($21K maple neck):
    Vintage In Store Vintage VINT 1959 FENDER STRAT SNBST | GuitarCenter

    GC rep said price disparity is because $32k guitar was purchased at the peak of the market. Also said these prices are negotiable. A custom colored fiesta, if it's a player, would be worth more, I would think. But pbly not double. I could be wrong. Food for thought.
     
  9. lovejoy

    lovejoy Strat-Talk Member

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    You find on a lot of occasions the asking price and the price achieved at final sale are worlds apart.
     
  10. 335eye

    335eye Senior Stratmaster

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    I'm hoping.. ;)
     
  11. goodasaf

    goodasaf Strat-Talker

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    its value is what someone is willing to pay.
    in this economy?
    way less than it used to be but its starting to slightly pick up.
    i'm about to buy a SB gorgeous shape for less than 18 so it gives you a ballpark for SB.
    how much more is a custom color worth? hard to say.
     
  12. Jack FFR1846

    Jack FFR1846 Senior Stratmaster

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    If "somebody from a local guitar shop" is prepared to hand your friend $40k-$60k, then you can trust him on value. If not, he's blowing smoke up your nose. I had a craigslist seller tell me that a local guitar shop told her that her 96 MIM strat was worth a lot of money because the serial number started MN. Go ahead and ponder that one.

    I'd contact Gruhn. Start with a photo appraisal and then perhaps send the guitar down for consignment. 40-60k sounds like "I once saw some guitar on antiques roadshow bring that much, so it must be worth that".
     
  13. Pliny Junior

    Pliny Junior Strat-Talk Member

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    ... Nice try. Sounds like you've been watching too many episodes of "American Pickers", "Pawn Stars" et al.
     
  14. goodasaf

    goodasaf Strat-Talker

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    LOL
    what?
    the days of selling these for 50K are prety much over.
    Clean 59 SB with white guard went this week for 16K.
    clean 57's go for 23-25K.
    Slab 60-62 go for 16-17K.
    how much is the fiesta red premium worth?
    take a guess.
    advertise for 45K and see what kind of offers you get.
     
  15. juanjosebh

    juanjosebh Senior Stratmaster

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    Actually even on fretted Americana you can see that the asking prices are much lower now than 4-5 years ago.

    Sent via Hedwig.
     
  16. Pliny Junior

    Pliny Junior Strat-Talk Member

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    Duh ... retail prices for vintage Fender Strats have generally decreased over the past few years; especially for players, unoriginal, and issues-related guitars. We can all agree on that. But, selling prices for iconic custom-color original Fender Strats in clean excellent condition are different - even in today's soft market. For example, how many Fiesta Red slab neck '59 Strats, in clean original condition w/case, are out there for sale at any price?
     
  17. goodasaf

    goodasaf Strat-Talker

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    I think part of the answer is actually how many buyers??
     
  18. StratDen

    StratDen Senior Stratmaster

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    Indeed Vintage pricing has fallen way down and has not ascended to the highs of years ago. I would recommend consigning with one of the well known Vintage Fender Dealers out there who will offer their own appraisal and represent the guitar for the owner. Gruhns, Dave's Guitars, Elderly to name several...
     
  19. camel109

    camel109 Strat-O-Master

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    I'm with you on that, especially if a couple of industrious friends of John Gault (sorry had to refrence it) get into a bidding war over it!
     
  20. StratDen

    StratDen Senior Stratmaster

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    Excellent point. As long as the seller is patient enough for the right exposure to get some deeper pockets interested in a setting where multiple offers (bids) can be entertained.
     

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